I can't tell you how many times I have had to listen to a seller say "Let's start high because we can ALWAYS go down later".  The problem with that is, that by the time you go down to a realistic price you have already lost your momentum.  Seller's that over price their homes will inevitably end up selling for less than if they had priced it right to being with! 

Recently we have seen a trend of seller's pricing their homes aggressively in order to obtain multiple offers and sell for asking price or higher.  Below are a couple of examples for you, both of these homes are Spanish and have the same bed and bath count with similar square footage. 




This beautiful Northwest Glendale home was originally listed in January 2009 for $989,000 then reduced a month later to $949,000 and then again to $919,000.  It is currently listed at $875,000, a difference of $114,000 from the original price!


This beautiful Woodland home was originally listed in March 29, 2009 for $899,000 and it went into escrow just 5 days later!  My guess is that the agent had multiple offers and sold for over asking. 


Thinking of selling your Glendale home?  www.ChrisZastrow.com